Definition of calendar year
1 : a period of a year beginning and ending with the dates that are conventionally accepted as marking the beginning and end of a numbered year
2 : a period of time equal in length to that of the year in the calendar conventionally in use
First Known Use of calendar year
Financial Definition of CALENDAR YEAR
What It Is
The calendar year is the period between January 1 and December 31.
How It Works
If Company XYZ starts its fiscal year on January 1 and ends its fiscal year on December 31, then Company XYZ's fiscal year is said to be on a calendar year basis. Many companies align their fiscal years with the calendar year, but many don't. For example, Company 123 might start its fiscal year on October 1 and end on September 30.
CALENDAR YEAR Defined for English Language Learners
Definition of calendar year for English Language Learners
: the period of time from January 1 to December 31
Seen and Heard
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